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HBO and The Ringer's Bill Simmons hosts the most downloaded sports podcast of all time, with a rotating crew of celebrities, athletes, and media staples, as well as mainstays like Cousin Sal, Joe House, and a slew of other friends and family members who always happen to be suspiciously available.
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This is a quick update to one of our favorite parenting-money mashups: the video game investing rule we introduced in a previous episode.
Here’s the deal: when our kids want to spend their own money on video games or in-game purchases, they now also invest 50% of that amount into their custodial account — saving toward a future goal like buying a car.
In this update, we share:
• How the rule is actually landing with our kids (surprisingly well!)
• What we’ve noticed about their new spending behavior and decision-making
• Why our kids now want index funds over Nintendo stock 😄
• How we used a snowball to explain compound interest in the wild
• Why we as parents feel better about digital spending now
Plus, we now track their net worth — and yes, it’s already making an impression on them.
The big takeaway? This isn’t just a clever rule. It’s turning into a way for our kids to build early investing habits, reflect on value, and even spark their own financial curiosity.
#financialliteracy #kidinvesting #videogamespending #parentingandmoney #custodialaccounts #compoundinterest #firemovement #raisingmoneywise #gamifiedbudgeting #familyfinance
Check out our Resource Doc:
And our IG account @tryingforfi
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